HawkishDove

HawkishDove

VTL nearing a large BO that too on weekly timeframe. I really like looking out for large weekly BOs especially with the pattern on the chart right now. They work pretty well for me as well. Some RS numbers for VTL to see how progression as been in strength: 28th Mar - 56 5th Apr - 50 12th Apr - 59 19th Apr - 59 Despite a volatile week, we can see it holding up...

HawkishDove Updated 

DOLLAR is near a large weekly base BO, almost ~6% away from it. A couple of weeks back good volumes did try and touch that level. As a fan of trying to catch stocks before BO as post BO they generally get extended, this might be that one scrip i am able to screen and check right now. RS scores considering 750 stocks in NSE are as follows : 1st Mar - 53 7th...

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GRINFRA is near a large weekly base BO of 85+ weeks and recently broke out of a small weekly base of 34ish weeks. Feels strong and following is the RS score timeline as well : 7th Mar - 28 15th Mar - 32 22nd Mar - 40 28th Mar - 44 Today - 52 We can clearly notice the stock slowly gaining momentum to outperform other stocks in the market. Its now outperforming...

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GENESYS is near BO and attempting BO this week again post the overall market shakeout. Since its a large base BO, I have been tracking it and will see if it tightens up around this level to provide an entry which ideally should increase the odds of success. Since I don't have this scrip in NSE 750 stocks I track for RS scores, won't be able to provide RS timeline for this.

HawkishDove Updated 

HEG attempted BO this week with good volumes. Adding it to watchlist and tracking it closely to see if BO happens in upcoming 2-3 weeks since volumes are positive here. Keep in the list as its a large weekly base. Good probability for some gain if BO happens here.

HawkishDove Updated 

IBULHSGFIN near another entry point, volumes are there. Main question here is "Is this the start of something big here?" Just manage your risk, never get married to any scrip/stock. Let's see how this goes, zooming out to see the potential here made me wonder "wow" for a few minutes. Keep tracking this...

HawkishDove Updated 

Should have caught this sooner, but now that I notice, HAVELLS broke out of a long range BO on weekly timeframe and this week due to volatility is pulling back a bit, one might think its a chance to get in so thought of sharing a few RS scores as well to help anyone consider that thought: 16th Feb - 27 23rd Feb - 30 1st Mar - 36 Today - 41 So the RS scores...

HawkishDove Updated 

DMART also in the pack with an increased RS score, in past 4 weeks score has increased from 17 to 25, not much of an increased to say its in momentum (750 stock universe). But since its near BO, it might take support on 21 EMA and eventually break out of this small base BO and gain momentum. Low RS score is a caution that I can highlight, not very comfortable...

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SAPPHIRE breaking out of a large weekly base this week. In addition it also came in the screener for upwards sloping RS values. Following are the RS scores for the past 4 weeks close: 1st Mar - 27 7th Mar - 28 15th Mar - 35 22nd Mar - 46 Although the RS score is not quite healthy, but in a market like this a large weekly base cannot be ignored as the...

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HDFCLIFE gave a small base BO on daily time frame and now today we can observe a 21/50 EMA cross as well. Another thing in support of this scrip is that its RS score in 750 stock universe has been rising week over week for the past 4 weeks. Data is as follows : 23rd Feb - 10 1st Mar - 14 7th Mar - 26 15th Mar - 33 Only con here that i can think of is that there...

HawkishDove Updated 

Rain Industries has attracted loads of volume these past few weeks, infact I am bummed about this as I didnt catch it earlier. Even then the stock is near a long weekly base BO and even attempted that this last week. For the daring ones, this can be a good bet, for conservative ones, not so sure, Maybe keep a tight SL using the daily charts if that...

HawkishDove Updated 

SOLARINDS is breaking out of a daily base and not only that, but its Relative Strength score has been on an upslope. Data has been as follows: 23rd Feb - 63 1st Mar - 72 7th Mar - 79 Today(At the time of posting) - 86 So strength is there in the BO and RS being above 80 is a positive sign. Keep SL at 21 EMA if you like this chart. Else one should track it to...

HawkishDove Updated 

APLAPOLLO is near BO, 21/50 EMA cross is also about to happen. To add more things to it, for the past 4 weeks its relative performance is on an upwards slope when considering 750 stock universe. Its RS score is still 32 so not much strong yet, so tread with caution.

HawkishDove Updated 

UJJIVANSFB gave a gap up opening today, attempted a follow up BO after a recent BO that broke a long weekly base. Volumes are showing here, this might carry ahead. Good to keep an eye for this if some supply forces it to make a handle before breaking out.

HawkishDove Updated 

Into the new week, CAMS breaking out of a long weekly base, as volumes atttract, this might move further. Keep an eye out for that.

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LINDEINDIA attempted a BO in a weak market breadth today with higher than average volumes. Also, 21/50 EMA cross is happening today as well which is a positive point of support shifting upwards and one can think of using 21EMA as a support now once it crosses or if you are a pull back buyer on support one can wait to take a position at 21 EMA instead. Relative...

HawkishDove Updated 

IBREALEST breaking out of a large weekly base with huge volumes as we can spot on weekly charts. Keep in the list for now and see if it gives a chance to enter at this new pivot support level. Generally large weekly base BO are strong as mentioned before as well.

HawkishDove Updated 

GLS is retaining its strength post BO last week with good volumes. Its gearing up to breach its ATH levels now. Just see how the price takes support on 50 DMA since the 10W/40W cross. If Market breadth stays solid, this could be fun to ride. Keeping in watchlist for now to see if the price consolidates and gives an entry point. I also saw ZYDUS flashing from...